MENUISERIE SG CONCEPT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MENUISERIE SG CONCEPT
Largest movements
- Tangible fixed assets +€420,003
up €420,003 (+444%), from €94,517 to €514,520
of which Land and buildings: +€420,178
- Cash -€35,291
down €35,291 (-37.9%), from €92,995 to €57,704
mainly Investment in fixed assets (net) (-€450,282) and Advances received (-€52,730)
- Stocks and contracts -€12,723
down €12,723 (-52.3%), from €24,309 to €11,586
- Receivables within one year -€11,410
down €11,410 (-83.5%), from €13,669 to €2,259
of which Trade receivables: -€9,302
- Debts after one year +€348,949
up €348,949 (+719%), from €48,516 to €397,465
of which Financial debts: +€348,949
- Advances received -€52,730
down €52,730 (-66.3%), from €79,475 to €26,745
- Trade debts +€24,193
up €24,193 (+120%), from €20,111 to €44,304
- Current portion of long-term debt +€20,186
up €20,186 (+318%), from €6,341 to €26,527
- Provisions +€15,000
up €15,000 (+150%), from €10,000 to €25,000
- Gross operating margin +€73,872
up €73,872 (+153%), from €48,300 to €122,172
- Staff costs +€29,489
up €29,489 (+222%), from €13,278 to €42,768
- Depreciation +€16,147
up €16,147 (+105%), from €15,339 to €31,486
- Financial charges +€10,956
up €10,956 (+384%), from €2,852 to €13,808
- Other operating charges +€8,128
up €8,128 (+408%), from €1,994 to €10,122
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,983 | €592,142 | +€361,159 | +156% |
| Fixed assets | 21/28 | €96,438 | €515,234 | +€418,796 | +434% |
| Tangible fixed assets | 22/27 | €94,517 | €514,520 | +€420,003 | +444% |
| Land and buildings | 22 | €63,000 | €483,178 | +€420,178 | +667% |
| Plant, machinery and equipment | 23 | €15,804 | €28,078 | +€12,274 | +77.7% |
| Furniture and vehicles | 24 | €5,714 | €3,265 | -€2,449 | -42.9% |
| Assets under construction and advance payments | 27 | €10,000 | - | -€10,000 | |
| Financial fixed assets | 28 | €1,921 | €714 | -€1,207 | -62.8% |
| Current assets | 29/58 | €134,544 | €76,908 | -€57,637 | -42.8% |
| Stocks and contracts in progress | 3 | €24,309 | €11,586 | -€12,723 | -52.3% |
| Stocks | 30/36 | €24,309 | €11,586 | -€12,723 | -52.3% |
| Amounts receivable within one year | 40/41 | €13,669 | €2,259 | -€11,410 | -83.5% |
| Trade receivables | 40 | €9,751 | €449 | -€9,302 | -95.4% |
| Other amounts receivable | 41 | €3,918 | €1,810 | -€2,108 | -53.8% |
| Cash at bank and in hand | 54/58 | €92,995 | €57,704 | -€35,291 | -37.9% |
| Deferred charges and accrued income | 490/1 | €3,571 | €5,358 | +€1,787 | +50.0% |
| Total equity and liabilities | 10/49 | €230,983 | €592,142 | +€361,159 | +156% |
| Equity | 10/15 | €53,416 | €59,425 | +€6,010 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,360 | €10,360 | +€6,000 | +138% |
| Distributable reserves | 133 | €4,360 | €10,360 | +€6,000 | +138% |
| Profit (loss) carried forward | 14 | €30,456 | €30,465 | +€10 | 0.0% |
| Provisions and deferred taxes | 16 | €10,000 | €25,000 | +€15,000 | +150% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €25,000 | +€15,000 | +150% |
| Other liabilities and charges | 164/5 | €10,000 | €25,000 | +€15,000 | +150% |
| Amounts payable | 17/49 | €167,567 | €507,716 | +€340,149 | +203% |
| Amounts payable after more than one year | 17 | €48,516 | €397,465 | +€348,949 | +719% |
| Financial debts | 170/4 | €46,316 | €395,265 | +€348,949 | +753% |
| Other amounts payable | 178/9 | €2,200 | €2,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,051 | €110,251 | -€8,800 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €6,341 | €26,527 | +€20,186 | +318% |
| Trade debts | 44 | €20,111 | €44,304 | +€24,193 | +120% |
| Suppliers | 440/4 | €20,111 | €44,304 | +€24,193 | +120% |
| Advances received on contracts in progress | 46 | €79,475 | €26,745 | -€52,730 | -66.3% |
| Taxes, remuneration and social security | 45 | €8,795 | €7,298 | -€1,497 | -17.0% |
| Taxes | 450/3 | €8,520 | €2,111 | -€6,410 | -75.2% |
| Remuneration and social security | 454/9 | €274 | €5,187 | +€4,913 | +1,792% |
| Other amounts payable | 47/48 | €4,329 | €5,377 | +€1,048 | +24.2% |
| Remuneration, social security and pensions | 62 | €13,278 | €42,768 | +€29,489 | +222% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,339 | €31,486 | +€16,147 | +105% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Other operating charges | 640/8 | €1,994 | €10,122 | +€8,128 | +408% |
| Gross operating margin | 9900 | €48,300 | €122,172 | +€73,872 | +153% |
| Operating profit (loss) | 9901 | €7,689 | €22,796 | +€15,108 | +196% |
| Financial income | 75/76B | €17 | €76 | +€59 | +355% |
| Recurring financial income | 75 | €17 | €76 | +€59 | +355% |
| Financial charges | 65/66B | €2,852 | €13,808 | +€10,956 | +384% |
| Recurring financial charges | 65 | €2,852 | €13,808 | +€10,956 | +384% |
| Profit (loss) for the period before taxes | 9903 | €4,853 | €9,064 | +€4,211 | +86.8% |
| Income taxes | 67/77 | €2,265 | €3,055 | +€789 | +34.9% |
| Profit (loss) for the period | 9904 | €2,588 | €6,010 | +€3,422 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €2,588 | €6,010 | +€3,422 | +132% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.